Intel (NASDAQ:INTC) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $54.41 price objective on the chip maker’s stock. Vetr‘s price objective indicates a potential upside of 5.61% from the company’s previous close.
A number of other brokerages have also recently issued reports on INTC. Bank of America restated a “buy” rating and set a $61.00 target price (up previously from $52.00) on shares of Intel in a report on Thursday. UBS Group set a $51.00 target price on Intel and gave the stock a “buy” rating in a report on Monday, January 29th. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a report on Friday. ValuEngine cut Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, MKM Partners raised their target price on Intel to $55.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.04.
Intel (INTC) traded down $0.67 during trading on Monday, reaching $51.52. The company had a trading volume of 32,040,000 shares, compared to its average volume of 34,990,000. The company has a market capitalization of $240,500.00, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $52.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.
In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $3,623,773.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total value of $31,940.16. Following the transaction, the vice president now directly owns 6,472 shares in the company, valued at approximately $301,336.32. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock worth $6,011,490 in the last ninety days. Insiders own 0.08% of the company’s stock.
Large investors have recently bought and sold shares of the business. Lowe FS bought a new stake in Intel in the 3rd quarter valued at $12,000. Proficio Capital Partners bought a new stake in Intel in the 4th quarter valued at $26,000. Carnick & Kubik LLC bought a new stake in shares of Intel during the 1st quarter valued at $100,000. Global X Management Co. LLC lifted its position in shares of Intel by 52.0% during the 2nd quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock valued at $100,000 after acquiring an additional 1,039 shares during the period. Finally, Goodman Financial Corp bought a new stake in shares of Intel during the 4th quarter valued at $102,000. 69.22% of the stock is currently owned by hedge funds and other institutional investors.
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
To view Vetr’s full report, visit Vetr’s official website.
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